Page 2 - Sfio

Insolvency process: MCA orders SFIO probe into Castex Technology affairs

Castex Tech started its resolution process in December 2017 with a debt of Rs 6,000 crore

NCLAT asks ED, CBI and SFIO to clarify JSW Steel's immunity in BPSL matter

The appellate tribunal had directed to list the petition on January 23, for next hearing.

SFIO begins investigation into CG Power and its 15 group companies

MCA had previously asked its SFIO to probe the affairs of the company along with 15 other firms, including two subsidiaries CG Power Solutions Ltd and CG International BV

Staff shortage: Parliamentary panel flags structural issues at SFIO, CCI

The Serious Fraud Investigation Office (SFIO) and the Competition Commission of India (CCI) are among the institutions under the ministry that are well short of their respective sanctioned strength

Jet Airways, Naresh Goyal under SFIO probe for 'siphoning off' money

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal

Govt not planning to help banks rescue shadow lender DHFL: Report

A consortium - led by Union Bank (UNBK.NS) and State Bank of India (SBI.NS) - was set up to restructure DHFL's (DWNH.NS) debt a month after it first defaulted in June

Govt to soon order SFIO probe into financial irregularities at DHFL

There is good enough reason to refer the DHFL matter to SFIO, an official said adding, the report indicates fund diversion and siphoning

Govt asks NCLT to freeze assets of IL&FS arm's audit partners Deloitte, BSR

Audit firm partners named in SFIO complaint to be allowed withdrawal of Rs 1 lakh a month

IL&FS case: NCLT reserves order on accounts of Bawa's wife and daughter

Ex MD&CEO of IL&FS financial services Ramesh Bawa's wife and daughter had filed a plea to de-freeze their assets as they were not charged in the Serious Fraud Investigation Office led probe

Ex-IL&FS chief Bawa's wife, daughter move NCLT to defreeze bank accounts

Hearing both the sides, NCLT reserved its order without mentioning the date for next hearing

Bhushan Steel case: SFIO files complaint over misuse of corporate structure

The complaint has been filed at the special court, Dwarka, New Delhi

Rising workload: Govt plans to treble SFIO staff strength in 3-4 months

With the insolvency and bankruptcy code kicking in, more cases have come under the scanner of SFIO, which derives its powers from the Companies Act.

SFIO arrests three employees of Adarsh Group for siphoning off Rs 2 billion

These companies and other entities had taken huge loans from the Ahmedabad based Adarsh Credit Cooperative Society Ltd run by Mukesh Modi family

SFIO receives complaints against ICICI Bank, L&T, govt informs Parliament

The Serious Fraud Investigation Office (SFIO) has received complaints against private sector lender ICICI Bank and engineering firm Larsen and Toubro, Parliament was informed today. The probe agency comes under the corporate affairs ministry. "SFIO receives various complaints against companies. Complaints have been received against Mehul Choksi, ICICI and L&T," Minister of State for Corporate Affairs P P Chaudhary said in a written reply to the Rajya Sabha. However, the minister has not provided details of the complaints about ICICI and L&T. Further, Chaudhary said that the ministry, in February, ordered a SFIO probe into the affairs of 114 entities directly or indirectly associated with Nirav Modi and Mehul Choksi and their family members in the multi-crore Punjab National Bank scam. "The matter is presently under investigation," he said. In a separate reply, the minister said the government has assigned investigation to SFIO into the affairs of 29 listed companies in more ...

SFIO is highly understaffed with more than 50% of posts lying vacant

While 75 posts have been sanctioned for recruitment on deputation, only 25 are in place, while the remaining 50 remain vacant

SFIO developing early warning system to detect corp frauds

The new system would also trawl social media platforms for leads on any possible fraud-in-making